FISKER Automotive heading toward bankruptcy after failed talks with NISSAN???

[Melensdad]

There have been quite a few recent reports of financial trouble at Fisker Automotive. The brand was also reportedly to be in talks with NISSAN, the Japanese maker of mostly gas powered vehicles, but which also seems to be lagging behinds larger rivals in alternative fuel and EV development.

Over the last couple of days those talks between Fisker and Nissan are reported to have fallen apart.

Today it appears that the NYSE is delisting the stock.

I had a deposit on a FISKER OCEAN SUV in the fall of 2023 but cancelled my reservation when I could get no answers about a delivery timeline.

Fisker removed from NY Stock Stock Exchange, latest bad sign for financially troubled EV startup

In 2023, Fisker produced 10,142 units of its Ocean EV, of which only 4,700 were delivered, according to Market Insider.

justthenews.com

Exchange, latest bad sign for financially troubled EV startup​

In 2023, Fisker produced 10,142 units of its Ocean EV, of which only 4,700 were delivered, according to Market Insider.​

The New York Stock Exchange (NYSE) said Monday electric vehicle-startup Fiskerwould be delisted as a result of its “abnormally low” price levels.​

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Markets Insider reported the exchange typically delists stocks that go below $1 per share for more than a month. The company’s stock fell by 9% to a record low of less than 9 cents per share before trading was halted.​

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In 2023, Fisker produced 10,142 units of its Ocean EV, of which only 4,700 were delivered, according to Market Insider.​

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Fisker reported in February losing $762 million in 2023 on $273 million in sales, with more than $1 billion debt. The company said it was pausing production as its future remained uncertain.​

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“We are aware that the industry has entered a turbulent, and unpredictable period. With that understanding and taking the lessons learned from 2023,” the company stated in its fourth quarter 2023 earnings statement.​

 

[FrancSevin]

This is a shame. Fisker had a pretty good product.

 

[300 H and H]

F. U. D. Means fear uncertainty and doubt.

Lots of this propaganda has been put out by the oil industry, and ICE car manufacturers that is totally anti EV. Some of it has stuck to the wall too.

Most of it a is at best, is only partially true.

You need to consider the source. The truth is Tesla is so positioned their costs are a mere fraction of the Traditional car makers. The advantage is so big it will take a decade to change.

Lucid and Rivian are next.

 

[mbsieg]

F. U. D. Means fear uncertainty and doubt.

Lots of this propaganda has been put out by the oil industry, and ICE car manufacturers that is totally anti EV. Some of it has stuck to the wall too.

Most of it a is at best, is only partially true.

You need to consider the source. The truth is Tesla is so positioned their costs are a mere fraction of the Traditional car makers. The advantage is so big it will take a decade to change.

Lucid and Rivian are next.

F.U.D also means fear uncertainty disinformation high on the disinformation